Adaptation and central banking

Alexander W. Salter; William J. Luther

doi:10.1007/s11127-018-00633-9

Adaptation and central banking

Alexander W. Salter, William J. Luther

Business Administration

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

What or who governs central bank decisions? Most considerations focus on motivations. Instead, we consider the extent to which specific behaviors have adaptive value in the context of central banking. From that perspective, poor decisions are not the product of poor motivations. They are, instead, a product of the poor institutions within which central bank decision makers operate.

Original language	English
Pages (from-to)	243-256
Number of pages	14
Journal	Public Choice
Volume	180
Issue number	3-4
DOIs	https://doi.org/10.1007/s11127-018-00633-9
State	Published - Sep 1 2019

Keywords

Adaptation
Bailout
Central bank
Motivation
Research
Seigniorage
Selection

Access to Document

10.1007/s11127-018-00633-9

Link to publication in Scopus

Fingerprint Dive into the research topics of 'Adaptation and central banking'. Together they form a unique fingerprint.

Cite this

@article{e01fadd94aef493d96dbcf5c8cffe956,

title = "Adaptation and central banking",

abstract = "What or who governs central bank decisions? Most considerations focus on motivations. Instead, we consider the extent to which specific behaviors have adaptive value in the context of central banking. From that perspective, poor decisions are not the product of poor motivations. They are, instead, a product of the poor institutions within which central bank decision makers operate.",

keywords = "Adaptation, Bailout, Central bank, Motivation, Research, Seigniorage, Selection",

author = "Salter, {Alexander W.} and Luther, {William J.}",

year = "2019",

month = sep,

day = "1",

doi = "10.1007/s11127-018-00633-9",

language = "English",

volume = "180",

pages = "243--256",

journal = "Public Choice",

issn = "0048-5829",

number = "3-4",

}

TY - JOUR

T1 - Adaptation and central banking

AU - Salter, Alexander W.

AU - Luther, William J.

PY - 2019/9/1

Y1 - 2019/9/1

N2 - What or who governs central bank decisions? Most considerations focus on motivations. Instead, we consider the extent to which specific behaviors have adaptive value in the context of central banking. From that perspective, poor decisions are not the product of poor motivations. They are, instead, a product of the poor institutions within which central bank decision makers operate.

AB - What or who governs central bank decisions? Most considerations focus on motivations. Instead, we consider the extent to which specific behaviors have adaptive value in the context of central banking. From that perspective, poor decisions are not the product of poor motivations. They are, instead, a product of the poor institutions within which central bank decision makers operate.

KW - Adaptation

KW - Bailout

KW - Central bank

KW - Motivation

KW - Research

KW - Seigniorage

KW - Selection

UR - http://www.scopus.com/inward/record.url?scp=85059540976&partnerID=8YFLogxK

U2 - 10.1007/s11127-018-00633-9

DO - 10.1007/s11127-018-00633-9

M3 - Article

AN - SCOPUS:85059540976

VL - 180

SP - 243

EP - 256

JO - Public Choice

JF - Public Choice

SN - 0048-5829

IS - 3-4

ER -